Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Short Interest Update

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 138,652 shares, a drop of 36.2% from the November 30th total of 217,364 shares. Based on an average trading volume of 362,960 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 362,960 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

ISNPY has been the subject of several recent research reports. Zacks Research downgraded Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods lowered shares of Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a report on Friday, November 14th. Royal Bank Of Canada began coverage on Intesa Sanpaolo in a report on Wednesday, October 15th. They issued a “moderate buy” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Intesa Sanpaolo in a research note on Monday, November 24th. Finally, The Goldman Sachs Group downgraded shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Up 1.5%

OTCMKTS:ISNPY traded up $0.63 during trading hours on Tuesday, hitting $41.94. 17,770 shares of the company traded hands, compared to its average volume of 203,861. Intesa Sanpaolo has a one year low of $23.45 and a one year high of $42.15. The company has a market cap of $121.72 billion, a PE ratio of 12.48, a PEG ratio of 1.17 and a beta of 0.75. The firm’s 50-day simple moving average is $39.78 and its 200-day simple moving average is $37.89.

Intesa Sanpaolo Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 8th. Shareholders of record on Tuesday, December 2nd were issued a $0.9325 dividend. This represents a yield of 445.0%. The ex-dividend date was Monday, December 1st. Intesa Sanpaolo’s dividend payout ratio is 55.65%.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.